Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Futures Marginally Lower

Monday, January 7, 2013 8:09 AM
U.S. stock futures pointed toward a lower start on Monday as Wall Street Investors shift their focus on unresolved issues in Washington concerning spending cuts and debt ceiling, which are likely to flare up in coming days with both the White House and GOP leaders maintaining tough postures over their respective proposals. At last check, futures on Dow Jones Industrial Average Index slipped 0.13%; the Nasdaq 100 Index was 0.1 down while the S&P 500 Index inched down 0.10% The U.S. Congress is heading towards another round of heated arguments and counterarguments. While appearing in separate TV debates on Sunday, Senate Minority Leader Mitch McConnell, a high-profile Republican, and Nancy Pelosi, leader of the Democrats in the House of Representatives disagreed over whether additional tax rises should be approved by the Congress in order to trim fiscal imbalance. While McConnell is totally against further tax hikes, Pelosi declined to rule out higher taxes on wealthy Americans. Banking stocks are likely to remain under spotlight on Monday after global regulators’ talks over the weekend diluted and postponed new set of measures which would make banks to maintain more liquidity. No major economic data is scheduled to be released on Monday. In Asia, most equity markets ended lower with Japan’s Nikkei losing 0.83% while Hong Kong’s Hang Seng slipping 0.01 % for the day. Elsewhere in Europe, the Pan European Stoxx 600 Index was edging down 0.20%, Germany’s DAX slipped 0.50%, while FTSE was down 0.30%. Earnings season kicks off from this week with aluminum giant Alcoa Inc. (NYSE: AA), often considered as an economic bellwether, slated to report quarterly results on Tuesday, following closing bell. In some other markets, crude oil futures fell 0.35% to $92.76 a barrel while gold futures edged up 0.38% to $1,655.10 an ounce.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

EU's Juncker pledges to unveil major investment plan this yearEU's Juncker pledges to unveil major investment plan this year
STRASBOURG France (Reuters) - The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bo...
Total board to consider split of CEO/Chairman roles: Les EchosTotal board to consider split of CEO/Chairman roles: Les Echos
PARIS (Reuters) - The board of French oil group Total <TOTF.PA> will meet on Wednesday to consider splitting the chairman and chief executive roles previously held by Christophe de Margerie, who...
Boeing and Chinese partner to make jet fuel from 'gutter oil'Boeing and Chinese partner to make jet fuel from 'gutter oil'
BEIJING (Reuters) - Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel. Their plant, based in the southeastern Ch...
Lufthansa to sell IT business, takes 240 million euro chargeLufthansa to sell IT business, takes 240 million euro charge
FRANKFURT (Reuters) - German airline Lufthansa <LHAG.DE> said on Wednesday it was close to selling its IT infrastructure division and completing an outsourcing deal with IBM <IBM.N>, which...
Lufthansa close to deal with IBM for IT infrastructure unitLufthansa close to deal with IBM for IT infrastructure unit
BERLIN/FRANKFURT (Reuters) - German airline Lufthansa <LHAG.DE> is close to a deal to sell its IT infrastructure unit to IBM <IBM.N>, including an outsourcing agreement for the services, a...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.